WEBVTT - Apple Tops Sales Estimates, Roblox Tumbles After Earnings, Reddit Beats

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>The Stock Movers report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Jim Statobek along with Carol Masser. Let's take a

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<v Speaker 1>look at some stocks on the move today. We are

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<v Speaker 1>joined by Avalon Parnell from the Bloomberg News team. With

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<v Speaker 1>some stocks on the move.

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<v Speaker 3>Sure do so we can go in and start off

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<v Speaker 3>with Apple, that's ticker AAPL whipsawing from the green to

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<v Speaker 3>the red, although right now it's down about five zero

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<v Speaker 3>point five percent in post market. That's after the tech

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<v Speaker 3>company reported second quarter results that were boff expectations basically

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<v Speaker 3>across the board. But we already know there's a lot

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<v Speaker 3>of questions that people have, mainly about the margin with

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<v Speaker 3>the very high prices for memory right now, and also

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<v Speaker 3>whether we're going to hear anything from the incoming CEO.

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<v Speaker 4>Gint Turnas, although everybody we keep talking was like, come on,

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<v Speaker 4>we know, we know he's going to take over.

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<v Speaker 5>You know, we know what the company needs to do.

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<v Speaker 4>But that's a great summary because there's a lot that

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<v Speaker 4>comes out when Apple drops.

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<v Speaker 1>Yeah, you've done about half a percentage.

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<v Speaker 4>Point right now, speaking about when you know, a lot

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<v Speaker 4>comes out when Apple drops Roadblocks really dropping in the aftermarket.

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<v Speaker 3>Yeah, Roadblocks, that's ticker RBLX now, so currently thinking about

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<v Speaker 3>twenty one percent. That's after the firm reported were daily

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<v Speaker 3>active users for the first quarter that fell far below expectations.

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<v Speaker 3>It also slashed its full your Bookings forecast and issued

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<v Speaker 3>second quarter forecasts that were again below expectations. And this

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<v Speaker 3>is all happening after Roadblocks has implemented some child safety

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<v Speaker 3>restrictions and features, and yeah, it seems to be impacting.

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<v Speaker 3>How many kids actually want to play on the app?

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<v Speaker 5>Now, I don't know. I don't know anybody who plays.

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<v Speaker 5>Do you know anybody who plays on the app?

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<v Speaker 1>Well, it's for kids?

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<v Speaker 4>Yeah, well sometimes a see it's your question stuxdown about thirty.

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<v Speaker 1>I mean say for kids. I think it's for kids.

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<v Speaker 5>I don't know, do you plan?

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<v Speaker 3>No, My younger siblings used to play it when they

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<v Speaker 3>were kids.

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<v Speaker 5>Oh okay, all right, so there you go. There's the market.

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<v Speaker 4>Let's go on over to Reddit. Also on the move

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<v Speaker 4>in the aftermarket, A whole.

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<v Speaker 3>Lot of stuff happening in tech. That's ticker RDDT. Gaining

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<v Speaker 3>now about nine percent postmarket. That's after a firm beat

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<v Speaker 3>sales expectations again on those continued ads growth, and it

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<v Speaker 3>also released a sales forecast that came ahead of estimates.

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<v Speaker 3>Worth also noting that Reddit's COO told Bloomberg earlier today

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<v Speaker 3>that it is in active discussions with open ai and

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<v Speaker 3>Google about next steps related to their current licensing agreement.

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<v Speaker 5>I bet Reddit.

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<v Speaker 4>You know, We've always talked about one of the big

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<v Speaker 4>value of Reddit, right is all the data and information

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<v Speaker 4>they can give because they very segmented, vertical, you know,

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<v Speaker 4>people interested in certain things, and that kind of data

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<v Speaker 4>is going to be very, very valuable going forward.

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<v Speaker 1>I think I've shared this story before.

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<v Speaker 5>That you disappeared into Reddit.

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<v Speaker 1>We own, well that was the problem. I mean, the

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<v Speaker 1>Reddit algorithm, at least me is like so good. It's

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<v Speaker 1>just constantly serving exactly what it thinks I want to

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<v Speaker 1>see and it's correct. And at the end of twenty

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<v Speaker 1>twenty four, how much time I got this email or like,

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<v Speaker 1>you know, this thing popped up on Reddit app and

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<v Speaker 1>it was like, here is You're yearly wrapped and read

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<v Speaker 1>it and he was like you have scrolled and it

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<v Speaker 1>said like the number of miles I had scrolled on

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<v Speaker 1>my phone with my thumbs.

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<v Speaker 5>I was just like, you should see the muscles.

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<v Speaker 1>That is that is the ultimate sign to just uninstall

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<v Speaker 1>the app and quit. And I did, wow, because I can't.

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<v Speaker 5>We brought him.

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<v Speaker 1>Back like it was really bad. My screen time was

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<v Speaker 1>really bad.

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<v Speaker 2>Still is redd?

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<v Speaker 4>Social media addiction ninety five percent family.

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<v Speaker 5>Job, Holy kidding.

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<v Speaker 1>Like this?

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<v Speaker 5>No, you know you're like a sibling to me.

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<v Speaker 4>Bloomberg News equities reporter Avalon Purnell joining us with some

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<v Speaker 4>stock stocks on the move.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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